Yes. A corporation is incorporated under the Canada Business Corporations Act, which covers only about 430,000 corporate entities in Canada. It's estimated that there are some 4.3 million businesses in Canada, the vast majority of which are incorporated under the 10 provincial statutes.
While some provinces have introduced registries to cover those provincially incorporated entities, and some—as in the case of British Columbia—are moving towards including real estate as well in that, there are huge gaps in the federal system. The federal government could use the criminal head of power, which is accorded in the Constitution, to enforce a national registry that not only would include provincially incorporated entities—closing the gap with provinces, for example, like Alberta—but also would include real estate, through which the Cullen commission has concluded a lot of money is being laundered and, presumably, a lot of sanctions are being evaded.
I'll just put that as a point that I think needs to be considered by the committee.
Thank you, Mr. Chair.